TCS to announce Q2 results on October 9, consider second interim dividend for FY26 – News Air Insight

Indian IT bellwether Tata Consultancy Services (TCS) will announce its July-September quarter earnings on October 9 and consider giving a second interim dividend to shareholders of the company. It has set October 15 as the record date to determine the eligibility of investors for the dividend.

The announcement was made by TCS after market hours and TCS shares today ended at Rs 3,075.50 on the NSE, declining by Rs 93.70 or 3% over the Friday closing price.

TCS paid Rs 11 per share as first interim dividend for FY26. The company has so far declared 90 dividends since October 28, 2004, according to Trendlyne data. In the past 12 months, TCS has declared an equity dividend amounting to Rs 127 per share and at the current share price of Rs 3075.50, its dividend yield is 4.13%.

The IT stock fell today amid heavy selling pressure following US President Donald Trump’s executive order that raised the annual H-1B visa application fee from $1,000 to $100,000 per applicant. Trump’ decision turned out to be a D-Street sentiment spoiler as tech stocks fell as low as 6% intraday. The worst fall was seen in Mphasis, followed by LTIMindtree which also plunged just under 6% intraday. The Nifty IT index declined 3% with 9 counters in the 10-stock index trading in red. Persistent Systems, Coforge, Tech Mahindra, Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies were down between 4.3% and 1.9%.

Also Read: Contra view: H1-B visa blow can be margin boon for IT companies. What’s next for tech stocks?

TCS has been a market laggard with shares slipping over 28% in the past 1 year. It has not just underperformed Nifty but also the IT sector. While Nifty’s 1-year returns stand at negative 2.3%, industry returns have fallen 12% in the same period.TCS shares are currently trading below their 50-day and 200-day simple moving averages (SMAs) of Rs 3,105.6 and Rs 3,573.7, respectively.TCS’ consolidated profit after tax (PAT) grew 6% in Q1FY26 at Rs 12,760 crore versus Rs 12,040 crore in the year ago period. The profit grew 4.4% on a sequential basis versus Rs 12,224 crore in Q4FY25.

The topline in the quarter under review rose 1.3% at Rs 63,437 crore versus Rs 62,613 crore in the year ago period. The topline was down 1.6% quarter-on-quarter against Rs 64,479 crore in the January-March quarter. Revenue declined 3.1% YoY in Constant Currency terms.

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